Switching now from the economic to the political scene, there seems to be as yet no point of reconciliation arrived at. Japan has not altered hei policy fo pursue to. the end th ication of the Chiang—régim fon the other hand, continues: her resistance and announces the intention to go on with It indefinitely. So the prospects of an carly peace] feom remote, The prolongation of hostilities means inevitable economic weakening on either side. "Overwhelming authority hag it that the alns (rom the monopolistic activities are not suMeient to pay for the cost of the war, and that a Japan, financially unaided, would have to face narrow straits, The Chinese, deriving help from Russia in the form of war goods and with a modicum of currency stability, lus the advantage of living off their. own soil, are enabled to carry on. A. hronie state of hostilities would find the country in greater impoverishment and chaos.
The horizon of foreign relations deuled with the probability of a Unilateral denunciation by Japan, of lie Nine-Power Pact which erystaltinea, at the Washington Conference of 1021/2, an international under" sonding vis-d-vis China. This was} en "eyreement to guarantee the sovereignty, independence, territorial sud administrative integrity of China, The vowers committed themselves to China to keep a stable govern-Ment. It stipulated equal commer 2 opportunity for all. nations, and 4 restrained the signatories from ocking special privileges in China at expense of other nations.
Circumstances Alter Cases gulf respect of this situation, the {tosnese" are "now saying, in effec, at citeumstanees. alter uses, and it strongly indicated that they are fine to formulate a positive plan for Keating with various questions which nclve third powers in China. tis {sted that "Japan, will soon, be: in j.postion to start "dealing defnitetyr sith "the latter. The salient ature of the Government's worked-(at blancs in svapan's grim deterination to establish. bloc co-opera {ee between Japan, Btanehoskue and ves the plan as declared ait nya oats ata Steaua wy fed 'The foregoing six points complete have been given in their own text because they seem' to be weighted with much significance. However that may be, Japanese activities in the economic field of the occupied Jareas have roused great alarm among. Interests of Third Powers who, act Ing, in concert, have cabled strong protestations to their respective Home Governments.
Text read from the printed page and cleaned; old type leaves the occasional error.